Sunday, November 10, 2024

S&P 500, VIX, MACD, Seasonality, and LT Hurst Cycles Projection

S&P 500 E-mini Futures (daily bars). 
 Daily trend is up. Weekly close above monthly R2. Daily NR4. Daily MACD (9,13,9) remains supportive. 
Entering Week 2 of the 3 Week Cycle. Monthly True Open. Top of 20 Trading Day Cycle around November 15-18
Major news on Wednesday, Thursday, Friday.

Volatility S&P 500 Index (daily bars).
Weekly close at multi-month support; NR7, 2BNR
. Reaching for S2, S3 likely.

Jeff Hirsch's November Seasonality during Election Years.
US stock indices may move sideways to up into mid-November.

ChartingCycles, November 6, 2024.
Hurst Cycles Composite Model suggesting the month's swing-high was reached on November 8.